If you're headed to college or sending your child to college, an important thing to consider is credit. Establishing good credit is just as important for your future as establishing good study habits and getting good grades.

When students hit college campuses, they are greeted not just by new teachers but by new temptations in the form of spending.

So tip #1: Before your student heads off to school, write out a weekly or monthly budget. Tip #2: Considering getting 1 credit card, but do your research.

"The internet has some great websites like Nerd Wallet where you can compare and contrast certain types of credit cards and pick one before your college student goes off to college so you're getting the best deal," said David Geibel from Univest Bank and Trust.

Tip #3: Talk about how to use that card wisely, so you student establishes a strong credit history and a high credit score.

"You shouldn't charge spring break as fun as that would be," said Geibel.

Because it won't be fun later on. Carrying a high balance that you can't pay off will hurt you.

Tip #4: if you can't afford it, don't put it on a card.

"They don't only look at just late payments, they look at if you're only making minimal payments, that actually hurts your credit score as well," said Geibel.

Having multiple credit cards with mulitple high balances can also negatively impact a credit score.